Trump Tariffs Threaten Economic Stability, Impact Local Businesses

Billionaire investor Ray Dalio has warned that President Trump's tariffs could lead to severe economic disruption, potentially worse than a recession, by destabilizing the monetary order and impacting global trade dynamics. In light of these tariffs, many U.S. businesses, particularly in border regions like Southern California and Mexico, are halting investments and facing confusion over product eligibility for trade exemptions, especially in the car-manufacturing sector. Small businesses, including craft breweries in Georgia, are struggling to cope with increasing costs for essential materials like aluminum and steel, with concerns about passing these costs to consumers. In Brooklyn, businesses are bracing for higher prices on a range of goods, exacerbating inflation concerns that have already led to increased operational costs for many. Overall, the uncertainty surrounding the tariffs is causing anxiety among both large and small businesses, with the potential for significant job losses if the economic situation deteriorates further. Experts emphasize that the impact of these tariffs could reshape local economies and consumer behavior across the U.S.